Depositing personal funds into the LLC current account
Any person has the right to deposit personal money into the company’s account. To prevent them from being considered trade revenue, a loan agreement must be concluded - then you will not have to pay extra taxes. The agreement must reflect the amount, term of the loan and its conditions.
We recommend reading: Where to open a current account for individual entrepreneurs and LLCs: comparison of tariffs and reviews.
What kind of document is this
Limits on the amount of money in the cash register are established for all legal entities by Directive of the Bank of Russia dated March 11, 2014 N 3210-U. The company sets the limit amount independently. Funds exceeding the balance are credited to bank accounts. Otherwise, the company faces a fine from 40,000 to 50,000 rubles, and the official from 4,000 to 5,000 rubles under Article 15.1 of the Administrative Code.
An employee of the organization deposits money into the bank cash desk to be credited to the account. It is important that a power of attorney is issued for this employee to transfer money to a credit institution.
Form 0402001 was approved by Bank of Russia Directive No. 3352-U dated July 30, 2014, and therefore the sample announcement for cash contributions given in Appendix 6 to Bank of Russia Regulation No. 318-P dated April 24, 2008, has become invalid.
The document consists of three parts:
- announcement;
- receipt;
- order.
Most of the details in these three parts of the form duplicate each other.
How to deposit money into a current account from the founder of a legal entity. faces
The founder can deposit money into the LLC's current account at bank cash desks or by transfer from a personal card. In order to correctly replenish the account, it is necessary to indicate that the founding capital is being paid or the money is being deposited under an interest-free loan agreement.
How to top up your account through the cash register
To replenish the LLC's current account with cash, you need to come to the bank branch with your passport, the decision of the meeting of participants and the loan agreement and draw up a receipt document for the cash deposit. After checking the documents, the operator will credit the money.
We recommend reading: Rating of banks for small businesses with profitable cash settlement services for individual entrepreneurs and LLCs.
How to fill out an advertisement for a cash contribution?
To draw up an announcement for a cash contribution, use the form according to OKUD 0402001. The following information is entered into the form:
- Number and date of the announcement.
- Payer's name.
- Name, current account number, INN, KPP, OKATO code of the recipient of the funds.
- Names and BIC of the depositing bank and receiving bank.
- Amount in numbers and words.
- Source of income (receipt of revenue, receipt of utility bills, etc.).
In addition to the announcement itself, a receipt and an order with similar information are also drawn up. The documents are certified by the signature and seal of the client, the signature of the accountant and the bank's cashier.
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Sample of filling out an announcement form for a cash contribution
Images of completed forms, which are presented for free download in different formats, will help you correctly fill out an announcement for a cash contribution in 2021.
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Other ways to top up your current account
You can deposit money into your current account at an ATM using a corporate card, transfer money from one account to another through an online bank, or take the payment to a bank branch. All these operations are carried out by the bank without charging a commission.
Self-collection
Self-collection allows you not to store cash in the office, but to deposit funds into your account at the end of the working day. You can do this in the terminal by following these steps:
- insert a corporate card into the device;
- go to the “Payments” section and select “Self-collection”;
- dial an individual code;
- select your account;
- enter payment description;
- indicate the card as the source of the contribution;
- put money into a bill acceptor;
- wait for payment to be processed;
- receive a check.
Transfer via bank
To transfer from one account to another through a bank branch, you need to:
- draw up a payment order in triplicate;
- sign and stamp on the first sheet;
- take the payment to the nearest bank branch;
- wait for it to be checked by the operator;
- take a copy with a bank mark.
We recommend reading: Banks with the cheapest opening and maintenance of a current account for individual entrepreneurs and LLCs.
How to top up a legal entity's current account via the Internet
The account can also be topped up via online payment from a second company account. To do this, you need to log into the online bank using your username and password and make a payment. Your company will be the payer and recipient - only the invoices will be different. In the purpose of payment you need to write that there is a redistribution of your own funds. The payment must be signed and sent to the bank.
Why do you need to deposit cash at the bank?
All “live” (cash) money that passes through the organization’s cash desk is subject to mandatory surrender to the bank. Then they are credited to the account. This precaution limits the ability of bankrupt firms to repay debts to creditors, bypassing their own settlement account. The law also makes recommendations on how exactly the bank should carry out the procedure for depositing money into the account. The bank must agree on all formalities for accepting the transfer of funds.
In practice, it turns out a little differently. Typically, financial institutions accept cash at any time convenient for the client in unlimited quantities.
Cash is deposited into an organization's current account after an authorized person presents a special document to a bank employee - an announcement about accepting cash into the account. The form of this document does not apply to strict reporting forms.
The advertisement consists of:
- main part;
- orders;
- receipts.
In the cash receipt documentation, it is necessary to indicate the codes of the sources from which cash is received by the bank. For example, code 02 is trading revenue received from the sale of consumer products.
Personal funds deposited into a current account are not income
Date of publication: 05/18/2016 12:30 (archive)
The funds remaining after taxation, which an entrepreneur under the simplified taxation system or single tax on imputed income withdrew from his current account for personal needs, are not subject to personal income tax.
Withdrawal of money from an account for personal needs or transfer to an individual’s card
An entrepreneur applying a simplified taxation system and a single tax on imputed income decided to withdraw money from his current account for personal needs or transfer funds to an individual’s bank card that belongs to him. Is it necessary to charge personal income tax in this case? No no need.
The owner has the right, at his own discretion, to take any actions in relation to the property he owns (Clause 2 of Article 209 of the Civil Code of the Russian Federation). That is, an individual entrepreneur has the right to independently make decisions about spending funds, including withdrawing them from a current account for personal needs or transferring them to a personal account. As is known, the use of a simplified taxation system or a single tax on imputed income exempts individual entrepreneurs from the obligation to pay tax on personal income (clause 3 of article 346.11 of the Tax Code of the Russian Federation, clause 4 of article 346.26 of the Tax Code of the Russian Federation) in relation to income received from business activities.
Consequently, the funds that remain in the account of an entrepreneur applying a simplified taxation system or a single tax on imputed income, after paying taxes, can be used by him for personal purposes. In this case, the indicated amounts are not subject to personal income tax.
Personal funds of an individual entrepreneur deposited into an account or cash register
An individual entrepreneur using a simplified taxation system deposits his personal funds into the cash register. Are these amounts recognized as income when calculating personal income tax or a single “simplified” tax? No, they don't admit it.
Application exempts individual entrepreneurs from the obligation to pay personal income tax. When determining the tax base in connection with the payment of the simplified taxation system, only income from sales from sales and non-operating income are taken into account. And the own funds of an individual entrepreneur, which he deposited into his account, cannot be recognized as income, since they are not related to sales or operations specified in Article 250 of the Tax Code of the Russian Federation. It follows that the personal money of an entrepreneur deposited into the cash register is not subject to either personal income tax or a single tax.
Procedure for filling out the advertisement form
Let us consider in detail how to fill out an advertisement for a cash contribution. The form is filled out in the organization as follows:
- Field "Date" - the date of transfer of money to the bank;
- “From” - full name of the employee who deposits funds;
- “Recipient” - name of the organization;
- "TIN" - tax identification number of the organization;
- The fields “Account N”, “Credit of account N”, “To be credited to the account” are filled in the same way - they indicate the account number to which funds are deposited;
- “Name of the depositing bank”, “BIC” - the name of the branch (branch) of the bank where money is accepted from the employee, his BIC;
- “Name of the recipient bank”, “BIC” - the name of the branch (branch) of the bank in which the organization has an account, its BIC;
- The lines “Amount in figures”, “Sum (amounts) in figures”, “Amount” are filled out in the same way - the monetary amount is indicated in them with a figure, kopecks are indicated with a hyphen;
- The “Symbol” field implies the source of the money, which is indicated by a numerical code. The symbols are given in Bank of Russia Directive N 4212-U. For example, 02 indicates the receipt of funds from the sale of goods;
- “Amount in words” - write down the numbers in words, fill the remaining space with dashes, leaving no empty spaces, and end the entry with the word “rub.”;
- “Source of receipt” is a field similar to the line “Symbol”, but in it the reason for the receipt of funds to the account is written not in code, but in words;
- “Depositor” - signature of the employee whose last name is indicated in the “from whom” column.
The remaining fields of the document are filled out by the bank employee.
How to deposit funds into an individual entrepreneur's current account?
It is recommended to obtain information from the bank in advance about possible ways to replenish the account, the required time for crediting funds, the presence of a commission for transferring money and its amount.
Money from an individual entrepreneur can be deposited into a current account:
- Cash via ATM. The ability to use an ATM depends on the bank where the account is maintained. Banks with a large number of branches do not always allow clients to use an ATM. Typically, online banks (“Modulbank”, “Tochka”) do not have their own cash desks in the bank. They provide their clients with a bank card to use an ATM, “tying” it to an individual account account;
- Through a bank cash desk. The advantage of this method is that there is no commission. You can top up your account only at the nearest branch of the bank that serves the account of individual entrepreneurs;
- At the cash desk of another bank using account details. The amount of the transfer commission is set individually in each bank;
- By non-cash transfer from a card or from a personal account;
- Through an ATM of any bank from a card “linked” to this bank account;
- Through the payment system (Unistream, Qiwi, Eleksnet). When transferring, you must pay a commission;
- Through MTS and Euroset (“UBRiR” and Tinkoff Bank);
- Through partner ATMs (for example, Otkritie Bank does not even require you to pay a commission);
- Through the terminals of your own and other banks;
- Using money transfer systems;
- Through the Internet banking system.
If you have one or more accounts in one bank, in addition to a current account, the transfer without commission is carried out within a matter of minutes, if you have accounts in more than one bank - up to 2 business days with a small commission.
There are no taxes paid when you top up your account. This operation is not regarded as income from business activities.
When choosing any method, the main thing is to correctly formulate the purpose of the payment being made.
